- 收帳和銷貨天數如果一直上升, 就要當心了!
- 存貨在不同時期有不同的意義, 像是滯銷, 或是因為報價回升而屯貨, 或是積極備料, 這都需要去看存貨細項和判斷當時的情況來分辨
- 當存貨增加時, 還需要注意增加的是不是商品或製成品. 如果是在製品或原物料, 反而有可能是供給不順沒法變製成品又或者是需求旺盛(短期營收趨勢向上)
- 處在景氣下行的公司當存貨細項-原料和在製品的回升可能代表訂單開始回溫了
- 當記憶體模組廠, 像是威剛、十銓存貨增加時, 有可能是在增加低價庫存, 代表著景氣循環來到相對低點, 也許就是建立部位的好時機
- 當存貨提列減損損失，虧損認列在該年度，但是存貨價格回升後，之後年度也會直接回沖增加EPS，這種情況很容易在記憶體模組廠見到
- 存貨一直增加，但是存貨銷售比沒什麼改變，可以推測是公司因為銷售良好而準備的存貨
- 當淨營業週期(日)接近於0, 代表公司好像在做無本生意
| 應收帳款周轉率 QoQ YoY | 存貨周轉率 QoQ YoY | 平均收帳天數 QoQ YoY | 平圴銷貨天數 QoQ YoY | 應付帳款付現天數 QoQ YoY | 淨營業週期(日) QoQ YoY | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 0.95 | -18.1 | -14.41 | 1.07 | -10.83 | 22.99 | 95.61 | 22.12 | 16.68 | 84.97 | 11.98 | -18.99 | 91.33 | 13.14 | 6.23 | 89.26 | 21.54 | -11.5 |
| 24Q3 (19) | 1.16 | -13.43 | 8.41 | 1.20 | 13.21 | 41.18 | 78.29 | 15.64 | -8.25 | 75.88 | -11.53 | -28.82 | 80.72 | 5.54 | -10.84 | 73.44 | -4.6 | -27.59 |
| 24Q2 (18) | 1.34 | 19.64 | 8.94 | 1.06 | 27.71 | 20.45 | 67.70 | -16.84 | -8.6 | 85.77 | -21.96 | -17.48 | 76.48 | -9.89 | -2.16 | 76.98 | -27.67 | -22.9 |
| 24Q1 (17) | 1.12 | 0.9 | -27.74 | 0.83 | -4.6 | 25.76 | 81.41 | -0.65 | 38.62 | 109.90 | 4.78 | -20.83 | 84.87 | -1.28 | 16.63 | 106.43 | 5.52 | -14.71 |
| 23Q4 (16) | 1.11 | 3.74 | 7.77 | 0.87 | 2.35 | 31.82 | 81.94 | -3.97 | -7.03 | 104.89 | -1.61 | -23.49 | 85.97 | -5.04 | 72.56 | 100.86 | -0.55 | -42.5 |
| 23Q3 (15) | 1.07 | -13.01 | 24.42 | 0.85 | -3.41 | 49.12 | 85.33 | 15.2 | -18.9 | 106.61 | 2.57 | -33.22 | 90.53 | 15.81 | 18.26 | 101.42 | 1.58 | -46.14 |
| 23Q2 (14) | 1.23 | -20.65 | 3.36 | 0.88 | 33.33 | 3.53 | 74.07 | 26.12 | -2.9 | 103.94 | -25.13 | -3.44 | 78.17 | 7.42 | 4.06 | 99.84 | -19.99 | -8.24 |
| 23Q1 (13) | 1.55 | 50.49 | 74.16 | 0.66 | 0.0 | -23.26 | 58.73 | -33.37 | -42.44 | 138.82 | 1.26 | 31.68 | 72.77 | 46.07 | -17.68 | 124.78 | -28.87 | 4.8 |
| 22Q4 (12) | 1.03 | 19.77 | 0.98 | 0.66 | 15.79 | -44.54 | 88.14 | -16.22 | -1.16 | 137.09 | -14.13 | 80.03 | 49.82 | -34.92 | -38.02 | 175.42 | -6.85 | 106.52 |
| 22Q3 (11) | 0.86 | -27.73 | 8.86 | 0.57 | -32.94 | -61.49 | 105.21 | 37.93 | -8.54 | 159.65 | 48.32 | 159.72 | 76.55 | 1.9 | 4.78 | 188.31 | 73.08 | 82.01 |
| 22Q2 (10) | 1.19 | 33.71 | 46.91 | 0.85 | -1.16 | -44.44 | 76.28 | -25.25 | -32.11 | 107.64 | 2.11 | 80.54 | 75.12 | -15.02 | 16.9 | 108.80 | -8.63 | 1.0 |
| 22Q1 (9) | 0.89 | -12.75 | -33.08 | 0.86 | -27.73 | -39.44 | 102.04 | 14.43 | 49.03 | 105.42 | 38.44 | 64.67 | 88.40 | 9.98 | 59.05 | 119.07 | 40.18 | 54.82 |
| 21Q4 (8) | 1.02 | 29.11 | -24.44 | 1.19 | -19.59 | 8.18 | 89.17 | -22.49 | 32.63 | 76.15 | 23.88 | -8.03 | 80.38 | 10.02 | 23.57 | 84.94 | -17.9 | -0.05 |
| 21Q3 (7) | 0.79 | -2.47 | -39.23 | 1.48 | -3.27 | 40.95 | 115.04 | 2.39 | 64.84 | 61.47 | 3.1 | -28.85 | 73.06 | 13.69 | 5.36 | 103.46 | -3.95 | 19.15 |
| 21Q2 (6) | 0.81 | -39.1 | -30.17 | 1.53 | 7.75 | 51.49 | 112.36 | 64.1 | 43.59 | 59.62 | -6.87 | -33.59 | 64.26 | 15.62 | -18.57 | 107.72 | 40.06 | 20.87 |
| 21Q1 (5) | 1.33 | -1.48 | 26.67 | 1.42 | 29.09 | 22.41 | 68.47 | 1.84 | -21.37 | 64.02 | -22.68 | -18.65 | 55.58 | -14.56 | -30.41 | 76.91 | -9.5 | -10.48 |
| 20Q4 (4) | 1.35 | 3.85 | 0.0 | 1.10 | 4.76 | 0.0 | 67.23 | -3.67 | 0.0 | 82.80 | -4.16 | 0.0 | 65.05 | -6.19 | 0.0 | 84.98 | -2.13 | 0.0 |
| 20Q3 (3) | 1.30 | 12.07 | 0.0 | 1.05 | 3.96 | 0.0 | 69.79 | -10.81 | 0.0 | 86.39 | -3.78 | 0.0 | 69.34 | -12.13 | 0.0 | 86.83 | -2.57 | 0.0 |
| 20Q2 (2) | 1.16 | 10.48 | 0.0 | 1.01 | -12.93 | 0.0 | 78.25 | -10.14 | 0.0 | 89.78 | 14.08 | 0.0 | 78.91 | -1.2 | 0.0 | 89.12 | 3.74 | 0.0 |
| 20Q1 (1) | 1.05 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 87.08 | 0.0 | 0.0 | 78.70 | 0.0 | 0.0 | 79.87 | 0.0 | 0.0 | 85.91 | 0.0 | 0.0 |
| 應收帳款周轉率 YoY | 存貨周轉率 YoY | 平均收帳天數 YoY | 平圴銷貨天數 YoY | 應付帳款付現天數 YoY | 淨營業週期(日) YoY | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 4.48 | -29.56 | 4.12 | 24.47 | 81.40 | 41.89 | 88.55 | -19.68 | 82.44 | 24.83 | 87.50 | -13.85 |
| 2023 (9) | 6.36 | 54.0 | 3.31 | -5.7 | 57.37 | -35.14 | 110.24 | 5.97 | 66.04 | -6.54 | 101.57 | -16.62 |
| 2022 (8) | 4.13 | -10.61 | 3.51 | -22.86 | 88.45 | 11.96 | 104.03 | 29.68 | 70.66 | 3.82 | 121.82 | 33.63 |
| 2021 (7) | 4.62 | 0.43 | 4.55 | -12.16 | 79.00 | -0.37 | 80.22 | 13.85 | 68.06 | 8.5 | 91.16 | 4.76 |
| 2020 (6) | 4.60 | 6.48 | 5.18 | 18.26 | 79.29 | -6.2 | 70.46 | -15.54 | 62.73 | 7.71 | 87.02 | -20.67 |
| 2019 (5) | 4.32 | -11.84 | 4.38 | 12.31 | 84.53 | 13.55 | 83.42 | -10.95 | 58.24 | -3.72 | 109.70 | 1.91 |
| 2018 (4) | 4.90 | -7.2 | 3.90 | 3.72 | 74.44 | 7.63 | 93.68 | -3.61 | 60.49 | -23.44 | 107.64 | 23.26 |
| 2017 (3) | 5.28 | 10.23 | 3.76 | -10.48 | 69.16 | -9.22 | 97.19 | 11.78 | 79.01 | 31.62 | 87.33 | -15.3 |
| 2016 (2) | 4.79 | -0.21 | 4.20 | -1.64 | 76.18 | 0.26 | 86.95 | 1.76 | 60.03 | 2.97 | 103.10 | -0.03 |
| 2015 (1) | 4.80 | -10.45 | 4.27 | -2.73 | 75.98 | 11.6 | 85.45 | 2.68 | 58.30 | -22.91 | 103.13 | 36.27 |
